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Activision Files Shelf for 7.5 Million Shares
Activision filed with the U.S. Securities and Exchange Commission to occasionally sell up to 7.5 million shares of common stock.
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The company said it plans to use the proceeds for general corporate purposes, including working capital, debt repayment, capital spending, joint ventures and acquisitions. Activision withdrew a previous filing for a shelf offering on October 23. That shelf was to have been for 6.9 million shares. At the time, the company blamed changing market conditions on the withdrawal.
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